We cater to all kinds of construction companies offering unique builder loans & financing programs to meet all your needs. Whether you are a big scale builder constructing hundreds of homes a year, a home builder specializing in customized construction, or a small builder just starting out, our construction loans are well designed to suit your requirements.
Our dedicated turn key services include: Credit Facility Management; Annual Customer Partnership Planning Session, Speculative Financing, Purchaser Mortgages, Draws, Inspections and much more… Our application process is straightforward and simple.
We offer financing to the builder on both pre-sold and speculative basis. And to add to that, no front end fees or back end fees are charged. Cancellation fees are waived with certain mortgages plans. We also offer competitive construction rates and flexible draw schedules. The construction loans we offer here at Lotus Loans are simply the best anyone can offer. We are happy to help you find the right financing rate for your company.
Our mortgage programs also allow you to receive funds on each home as construction proceeds. Advances are available to you at each stage of construction:
Lock-up – 35% to 55% complete
Drywall – approximately 75% complete
Completion – 100% complete
*additional draws may be available with approval